Topics

Eight former Franklin Federal Savings Bank branches opened Monday as TowneBank Richmond after the Suffolk-based TowneBank closed on a $253 million deal to acquire Franklin Financial Corp. on Jan. 2. Staff worked "around the clock" over the weekend since the closing at 5 p.m. Friday to transition the branches and signage, TowneBank Chairman and CEO G. Robert Aston Jr. said. All of the Franklin branch employees stayed on and TowneBank plans to add staff in both commercial and private banking, he said. Over the next year, TowneBank plans to explore other opportunities for further expansion in Richmond, either in building additional locations or with another acquisition, Aston...

Related "Mergers, Acquisitions and Takeovers" Articles

Eight former Franklin Federal Savings Bank branches opened Monday as TowneBank Richmond after the Suffolk-based TowneBank closed on a $253 million deal to acquire Franklin Financial Corp. on Jan. 2.
Staff worked "around the clock" over the...

A prospective $4.5 billion merger between Orbital Sciences Corp. and its biggest supplier, Alliant Techsystems Inc. (ATK), has won approval from the U.S. Department of Justice following an antitrust review.
Orbital is the Dulles-based space...

Despite a lawsuit, Suffolk-based TowneBank says its acquisition of Glen Allen-based Franklin Financial Corp. is on track.
On July 15, TowneBank announced it planned to acquire Franklin Financial, holding company of Franklin Federal Savings Bank, as a way...

After getting regulatory approvals, there is only one hurdle left in Newport News-based Virginia Company Bank's merger with Tappahannock-based Eastern Virginia Bank: the go-ahead from Virginia Company shareholders, according to Virginia Company Bank...

Dollar General Corp., spurned twice in its attempt to buy Family Dollar Stores Inc., took its $9.1 billion offer directly to shareholders in a hostile bid.
Dollar General, based in Goodlettsville, Tennessee, has commenced an offer for all Family Dollar...

NEWPORT NEWS — After a crippling recession, a faltering construction market and large-scale layoffs, Newport News-based Ferguson appears to be in growth mode — signaling what could become a banner 2014 for the 60-year-old company.
"There will always...

Family Dollar Stores Inc. said Thursday it spurned a $9 billion offer from Dollar General Corp. in favor of a lower bid from Dollar Tree Inc., saying it was concerned the Dollar General deal wouldn't be able to pass antitrust hurdles.
The board...

As part of our coverage of the 2013 Gloucester County Board of Supervisors election, we asked all seven candidates four questions via email.
We are printing their answers in their entirety online here in the Gloucester Blog prior to the Nov. 5...

Gov.-elect Terry McAuliffe is making calls in an effort to restore flight service from New York to the Peninsula, he said Thursday afternoon.
The new governor said it's a priority for businesses, so it's a priority for him. He didn't want to talk...

Kroger's merger with Harris Teeter is now complete, company executives said in a press release on Wednesday.
The Federal Trade Commission approved the $2.5 billion deal earlier this month, clearing the way for the final closing stages. Hampton Roads is...

Jonathan Grimes wanted to play football. His dad wanted him to wait a year. But Grimes, driven and relentless even at age 7, wouldn't take no for an answer. So Gregory Grimes made his son an offer: You can play football if you take up the piano.
Deal.
...

DURHAM, N.C. — As No. 15 Virginia Tech put together its game plan this week, coach Frank Beamer predictably talked to his team about putting everything together at Duke, which didn't seem like much of a stretch given Duke's futility against ranked...

Most people furnish their homes with comfort and utility in mind and give only a passing nod to matters of style and design.
Though some may pay close attention to color, material and shape, they seldom press much beyond these elementary concerns —...

There were just over three minutes left, but Old Dominion fans already could smell the blood of another football victim at Ballard Stadium.
And why not? The 18th-ranked Monarchs led by 11 and appeared to have already thwarted the Tigers' best efforts...

For the second consecutive football season, Virginia has followed a headliner victory with a head-scratching defeat.
"These are tremendous learning pains we're going through," Cavaliers coach Mike London said.
The Virginia fans streaming for...

It was another sleepless night for Woodside coach Danny Dodson. That's nothing new: He never sleeps the night before or the night after a game. But as Dodson stared at the ceiling Friday night/Saturday morning, he had to have been smiling. The...

To think it all started by accident. Josh Butler was 7 or so when he tagged along with his older brother, Ellis, to youth league football practice. A coach from a younger division noticed him standing there and asked him to run to the fence and back....

It's been a hectic six weeks for Jon Waters. After longtime coach Carolyn Hunter abruptly resigned from the Christopher Newport women's basketball team on Sept. 2, Waters, already the wearer of many hats as CNU's senior associate athletic director, was...

Chris Greisen remembers the feeling.
"And it stinks," the Virginia Destroyers quarterback said.
Greisen and 20 of his current teammates were on the Florida Tuskers team that dropped a 23-20 decision to Las Vegas in the 2010 UFL championship...